The legality of internet payday companies

How would you be able to determine if a internet payday lender is legal or illegal. Is there anything in particular that I should look. How should i verify if they are license to loan in the state i am in. (Im in Alabama BTW)

Thanks in advance

1 Answers

Payday lending is legal in State of Alabama. You can contact the Alabama Banking Department in order to know more about the pdl laws in the state of Alabama. I found that this website lists the laws of various states regarding payday loans at: http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html . You can check out your state laws from this page as well.


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